Tag Archives: Foreign Oil

Obama to Visit Oklahoma to Talk About Oil Drilling.

Obama to Visit Oklahoma to Talk About Oil Drilling. President Barack Obama will travel to the reddest of red states, Oklahoma, next week to argue yet again that he’s not against oil drilling, no matter what Republicans repeatedly say. President … Continue reading

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TransCanada Renewing Request to Build Keystone Pipeline

TransCanada Renewing Request to Build Keystone Pipeline WASHINGTON — TransCanada said Monday that it would reapply for a permit to build the Keystone XL pipeline from Canadian oil sands formations in Alberta to refineries on the Gulf of Mexico, assuring … Continue reading

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Obama rejects new oil pipeline, blames Congress

Obama rejects new oil pipeline, blames Congress WASHINGTON – President Obama yesterday rejected for now the proposed Keystone XL oil pipeline, saying the $7 billion project could not be adequately reviewed by the 60-day deadline set by Congress. While the … Continue reading

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U.S. to Release 30 Million Barrels of Oil from Strategic Reserve

U.S. to Release 30 Million Barrels of Oil from Strategic Reserve The U.S. is releasing 30 million barrels of oil from the Strategic Petroleum Reserve as part of an international effort to make up for the loss in supply from … Continue reading

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OPEC leaves output on hold, causing oil price jump

OPEC leaves output on hold, causing oil price jump VIENNA (AP) – OPEC unexpectedly left its production levels unchanged on Wednesday, causing oil prices to jump, as senior officials said their meeting ended in disarray – a stunning admission for … Continue reading

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